Leading data and analytics company GlobalData has revealed its league tables for the top ten legal advisers by value and volume in the metals and mining sector for Q1 2023.
Fasken Martineau DuMoulin was the top mergers and acquisitions (M&A) legal adviser in the metals & mining sector for Q1 2023 by volume, while Herbert Smith Freehills and White & Case jointly took the top position by value.
Herbert Smith Freehills and White & Case each advised on $3.4bn worth of deals while Fasken Martineau DuMoulin advised on a total of eight deals.
GlobalData lead analyst Aurojyoti Bose said: “Although Fasken Martineau DuMoulin led by volume but lagged in terms of value. It did not feature among the top ten by value due to its involvement in low-value transactions.
“Meanwhile, Herbert Smith Freehills, despite advising on one-fourth of the number of deals advised by Fasken Martineau DuMoulin, managed to top by value due to the involvement in big-ticket deals. The average size of deals advised by Herbert Smith Freehills stood at $8.4bn, which is much higher compared to Fasken Martineau DuMoulin’s average deal size of $6.6m.”
According to GlobalData’s financial deals database, King & Wood Mallesons took the third place in terms of value, by advising on $16.9bn worth of deals, followed by Allens with $3.6bn, and Skadden, Arps, Slate, Meagher & Flom with $1.4bn.
In the volume table, Cassels Brock & Blackwell are placed second with five deals, followed by Bennett Jones with four deals.
Herbert Smith Freehills and White & Case jointly secured the fourth position in terms of volume by advising on two deals each.
GlobalData’s league tables are based on the real-time tracking of thousands of company websites, advisory firm websites and other reliable sources available on the secondary domain. A dedicated team of analysts monitors all these sources to gather in-depth details for each deal, including adviser names.
To ensure further robustness to the data, the company also seeks submissions from leading advisers, through adviser submission forms on GlobalData’s website.